BUSINESS EVERYTHING YOU NEED TO STAY AT THE TOP OF YOUR GAME THIS MONTH. NOT ALL DEBT IS BAD DEBT According to Loral Langemeier, best-selling author of The Millionaire Maker (McGraw-Hill Education, RRP $39.95), the path to wealth is about earning more – outside your day job. Langemeier says the way to wealth is to use the skills you already have to generate more income on the side. Itmay sound obvious, but the ‘moneymakeover expert’ fromthe Dr Phil show, who becamea multi-millionaire by the time she was 35, says she has helpedmore than 600 people in the US become millionaires. “Focus onmaking extra cash doing whatever you know how to do,” she advises. “If you build websites during the day then take on extra jobs building websites. It is not about second jobs, it is about being more entrepreneurial about what you are doing already.” Langemeier also believes fully getting out of ‘bad’ debt is not necessarily the way to get rich. “For instance, if you had an extra $1,000, you’d pay only part of it towards your bad debt (such as a credit card) and put the rest in, say,money markets or fixed funds. Therefore, you end up with money with which to invest. “If you focus all your money on paying off bad debt, you won’t get anywhere. ‘Good’ debt is about havingmultiplemortgages and investment debt– making your money work for you. If you invest in four or five pieces of property, then you get cash flow through rent.” Langemeier is in Australia thismonth. Visit www.global1training.com. HYPE POWERED It happens over and over again. Some innovation (for example, a product ora management trend) promises to transform your business and deliver great results. How often does ‘the next big thing’ fail to deliver? Too often. So authors Jackie Fenn and Mark Raskino have written Mastering the Hype Cycle (McGraw-Hill, RRP $50) – a new book that explains how you can ride the crest of a new idea to success and avoid the pitfalls of innovations that fail to deliver. of workers in Australia – that’s more than six million people 56% – think they are bombarded by too much information at work. Source: Konica Minolta survey. 096 VIRGINBLUE